Materiality Analysis at The Core Of Our Sustainability Strategy

Materiality assessments are the backbone of constructive working processes. They help to identify and prioritize key principles and focus areas and determine which initiatives that should be realized and reported. Whether an issue is considered material depends on:

a) impact and significance for stakeholders,

b) the company’s influence,

c) the impact on the business in terms of growth, cost, risk or trust, and

d) the alignment with the corporate mission and strategy.

The process of identifying these issues has been conducted by the sustainability committee and the Board over the past year, taking the various perspectives of stakeholders into consideration prior to any decisions. Stakeholders have been approached for input and industry benchmarks have been made before concluding the materiality analysis.